Author Archives: Steve Reick

19% of Illinois’ Budget Goes to Pensions, and That Number is Going UP

24% of Illinois’ 2017 budget will go to fund the state’s 5 pension plans. Is it any wonder that state services are falling by the wayside? Continue reading

Posted in Public Pensions | Tagged , , | 4 Comments

Taxing Retirement Income: Adding a Second Story to a House with a Crumbling Foundation

The Chicago Tribune recently reported (behind its paywall): “[Republican Senate Leader Christine]Radogno said lawmakers likely will consider hiking the state income tax or taxing retirement income, rather than increasing the state sales tax or instituting a tax on services.” If … Continue reading

Posted in Income Taxes | Tagged | 3 Comments

I’m Shocked! Shocked to Find That Illinois Can’t Make Its Pension Payments!

From Bloomberg Business: Illinois will delay payments to its pension fund as a prolonged budget impasse causes a cash shortage, Comptroller Leslie Geissler Munger said. The spending standoff between Republican Governor Bruce Rauner and Democratic legislative leaders has extended into … Continue reading

Posted in Public Pensions | Tagged | 1 Comment

The Case Wasn’t Made For Township Consolidation

Today’s vote by the McHenry County Board to deny the motion to put township consolidation on the March 2016 primary ballot came as a surprise to some, but was, in my opinion, the correct one. I’ve said all along that … Continue reading

Posted in Cost of Government | Tagged , | 3 Comments

Education Part V: Property Taxes, the Well Has Gone Dry

“The State has the primary responsibility for financing the system of public education.” Constitution of Illinois, Article X, Section 1 Question: Why do property taxes keep going up? Answer: Because they can. Over the past several posts, I’ve discussed the … Continue reading

Posted in Education, Property Taxes | Tagged , , , | 2 Comments